Armstrong World Industries, Inc. (NYSE:AWI) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP decreased its stake in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 67.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,360 shares of the construction company's stock after selling 9,200 shares during the period. Two Sigma Investments LP's holdings in Armstrong World Industries were worth $616,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of AWI. Quent Capital LLC grew its stake in shares of Armstrong World Industries by 288.1% in the 4th quarter. Quent Capital LLC now owns 229 shares of the construction company's stock worth $32,000 after purchasing an additional 170 shares during the last quarter. Twin Tree Management LP acquired a new position in shares of Armstrong World Industries in the 4th quarter worth approximately $43,000. Farther Finance Advisors LLC grew its stake in shares of Armstrong World Industries by 90.2% in the 4th quarter. Farther Finance Advisors LLC now owns 426 shares of the construction company's stock worth $60,000 after purchasing an additional 202 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Armstrong World Industries by 196.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 567 shares of the construction company's stock worth $80,000 after purchasing an additional 376 shares during the last quarter. Finally, Wealthfront Advisers LLC acquired a new position in shares of Armstrong World Industries in the 4th quarter worth approximately $114,000. Institutional investors and hedge funds own 98.93% of the company's stock.

Armstrong World Industries Stock Performance

AWI stock opened at $154.80 on Monday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.11 and a current ratio of 1.64. The stock has a market cap of $6.72 billion, a P/E ratio of 27.30, a P/E/G ratio of 1.60 and a beta of 1.38. The firm has a 50 day simple moving average of $145.62 and a 200 day simple moving average of $147.67. Armstrong World Industries, Inc. has a 52 week low of $110.68 and a 52 week high of $164.40.

Armstrong World Industries (NYSE:AWI - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The construction company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.55 by $0.11. The business had revenue of $382.70 million during the quarter, compared to analysts' expectations of $370.71 million. Armstrong World Industries had a net margin of 17.95% and a return on equity of 40.67%. The firm's quarterly revenue was up 17.3% compared to the same quarter last year. During the same period last year, the company posted $1.38 earnings per share. Research analysts anticipate that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current fiscal year.

Armstrong World Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th were paid a $0.308 dividend. This represents a $1.23 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend was Thursday, May 8th. Armstrong World Industries's dividend payout ratio (DPR) is presently 19.68%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AWI. Loop Capital dropped their target price on shares of Armstrong World Industries from $163.00 to $158.00 and set a "hold" rating on the stock in a research report on Wednesday, April 30th. The Goldman Sachs Group lifted their target price on shares of Armstrong World Industries from $163.00 to $180.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. UBS Group lifted their target price on shares of Armstrong World Industries from $150.00 to $158.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 26th. Bank of America lifted their target price on shares of Armstrong World Industries from $162.00 to $170.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Finally, Wall Street Zen downgraded shares of Armstrong World Industries from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $157.57.

Armstrong World Industries Company Profile

Armstrong World Industries, Inc, together with its subsidiaries, engages in the design, manufacture, and sale of ceiling and wall solutions in the Americas. It operates through Mineral Fiber and Architectural Specialties segments. The company offers mineral fiber, fiberglass wool, metal, wood, felt, wood fiber, and glass-reinforced-gypsum; ceiling component products, such as ceiling perimeters and trims, as well as grid products that support drywall ceiling systems; ceilings, walls, and facades for use in commercial settings; and manufactures ceiling suspension system (grid) products.

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